Lahontan Gold Reports High-Grade Oxide Gold and Silver Results from West Santa Fe Drilling

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has announced final analytical results from its 2025 maiden drilling program at the West Santa Fe project, located 13 kilometers from its flagship Santa Fe Mine project in Nevada's Walker Lane. The final reverse-circulation drill hole, WSF25-04R, returned 36.6 meters grading 3.11 grams per tonne gold equivalent from surface, including 10.7 meters at 5.75 grams per tonne gold equivalent, all oxide mineralization, with additional high-grade intervals up to 12.04 grams per tonne gold equivalent. These results correlate with historic drilling and define a near-surface oxide gold and silver zone measuring approximately 500 by 350 meters, supporting potential for low-cost open pit and heap-leach development.

The significance of these findings lies in their implications for resource expansion and project economics. The consistent high-grade oxide mineralization near surface suggests favorable conditions for cost-effective mining operations, as oxide material typically requires simpler and less expensive processing methods compared to sulfide ores. Management is advancing geologic modeling and planning a follow-up spring drilling campaign targeting extensions of the mineralized system, indicating confidence in the project's growth potential. The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.

For investors and stakeholders, these results represent a critical step in validating the West Santa Fe project's viability as a satellite operation to the company's main Santa Fe Mine project. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces gold equivalent and an Inferred Mineral Resource of 411,000 ounces gold equivalent, all pit constrained. The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. The latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.

The broader implications extend to Nevada's mining sector, where the Walker Lane region has historically been productive for precious metals. Successful development of the West Santa Fe project could contribute to regional economic activity and reinforce Nevada's position as a mining-friendly jurisdiction. The company's approach of systematically testing satellite targets near existing resources demonstrates a strategic method for growth that minimizes exploration risk while maximizing potential returns. For more information about the technical details, please see the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project available on the company's website and SEDAR+.